Bitcoin prices approach short-term realization prices, important scenarios to watch

40 days after hitting the ATH of 124,457.12 Bitcoin (BTC) prices fell 7.07% last month. The continued volatility of assets has sparked concern among investors. However, crypto analyst Maartunn believes Coin is testing key support.

Realized price for short-term Bitcoin holders

in post In X, Maartunn noted that Bitcoin is approaching short-term holders (STH) at a price of $107,000. He said that if BTC touches on this price level, the assets could bounce back and erupt in bullish rally.

To be clear, the short-term holder is the investor who has purchased coins within the last 155 days. Therefore, the average price these investors purchased an asset called a realised price is $107,000.

Currently, as Bitcoin is trading above realized prices, these investors are less likely to sell and can support the resilience of the coin’s price.

However, if it falls below this level, some holders may panic and sell. Maartunn believes that the price achieved has provided reliable support for Bitcoin with this Bull Run. However, he warns that Bitcoin has the ability to get out of this price range Decide on the recovery.

In particular, if your assets fall and remain below $107,000, it could indicate a weaker momentum.

Market sentiment is split as Bitcoin faces uncertainty

That’s how Bitcoin prices were at the time of reporting. change A $110,313.52 hand representing a 1.68% decrease over the past 24 hours. The coin has soaked at a low of $108,762.04 from its intraday peak of $112,946.38, but is still above the realised profit level.

Meanwhile, trading volume fell 10.27% to $775.7 billion within the same time frame. This suggests that investors are cautious and are not sure they will continue to accumulate.

In light of market uncertainty, Bitcoin critic Peter Schiff advised investors to sell their assets and wait It’s plunging to $75,000 Before you rebue it. It remains unclear whether BTC will soak its decline.